My remark was not about any specific person, however, but about the nation in general. As a nation, we've been saving no more that 1-2% for twenty years. As a nation, we've been withdrawing the equity in our houses at the rate of 8% in 2000s --- to remodel kitchens and bathrooms. As a nation, we've been upgrading our LCD TVs every couple of years. That is what the statistics reflect: the averages.
I agree that there are a number of people, higher than in the past, who lived well beyond their means. They fell when the first wave hit.
What we are seeing now, I believe, is folks who did save for a rainy day, folks who were prudent and didn't live extravagently, but have been looking for a job for a long time and are tapping whatever they have set aside to make ends meet.
I know too many good people who will do anything to earn an income, but get passed over because they are overqualified. One of my neighbors is delivering pizza because they were on the verge of losing everything. From a corporate office to delivering pizza.
It's getting a little crazy out there.